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Electrovaya Inc. (OTCQB:EFLVF) announced the receipt of a US patent (US11,355,744B2) for a new lithium-ion battery electrode microstructure that improves energy density and performance. This technology, which does not use toxic NMP solvents, enables the production of thicker, higher-capacity electrodes, particularly beneficial for advanced anode materials like lithium metal or silicon. CEO Dr. Raj DasGupta emphasized the environmental advantages and the company's ongoing commitment to R&D in next-generation batteries.
Electrovaya Inc. (TSX:EFL; OTCQB:EFLVF) will participate in two significant battery technology events: the Battery Cells & Systems Expo in Birmingham, UK on June 29-30, and the PlugVolt Battery Seminar in Plymouth, MI, USA from July 12-14. As a leader in lithium-ion battery technology, Electrovaya focuses on sustainable energy solutions to combat climate change. The company's innovative battery systems are designed for energy storage and clean transportation applications, showcasing their commitment to powering a greener future.
Electrovaya Inc. has appointed John Gibson as its new Chief Financial Officer, effective June 13, 2022, following the departure of Richard Halka. Gibson, a CPA with over 15 years of experience in finance, will report to CEO Dr. Raj DasGupta. His background includes leadership roles in manufacturing and finance, promising to enhance strategic planning and internal controls. Electrovaya focuses on developing safe, long-lasting lithium-ion batteries to support global decarbonization efforts. The company aims to expand its market presence under Gibson's leadership.
Electrovaya Inc. (TSX:EFL)(OTCQB:EFLVF) announces the appointment of Dr. Raj Das Gupta as CEO, effective May 24, 2022. Dr. Das Gupta, a member of the management team since 2009, has significantly contributed to the company's battery technology and partnerships. He holds a Doctorate in Materials Engineering from Cambridge University and has expertise in lithium-ion batteries. Co-founder Dr. Sankar Das Gupta transitions to Executive Chairman. The new CEO aims to enhance renewable energy business and leverage opportunities in the energy transition.
Electrovaya Inc. (TSX:EFL; OTCQB:EFLVF), a leader in lithium-ion battery manufacturing, will present at the H.C. Wainwright Global Investment Conference in Miami, FL from May 23-26, 2022. COO Dr. Raj DasGupta's presentation is scheduled for May 24th, 2022, at 4:00 pm ET, accompanied by one-on-one meetings with investors. Electrovaya focuses on creating safe, long-lasting batteries, promoting climate change prevention through energy storage solutions. For details, visit www.electrovaya.com.
Electrovaya Inc. (EFLVF) reported a 47% increase in revenue for Q2 FY2022, reaching $4.3 million, compared to $2.9 million in Q2 FY2021. Purchase orders exceed $25 million, indicating strong future sales growth. The gross margin decreased to 25% due to inflationary pressures and increased shipping costs. The company anticipates revenue for FY2022 to range from $21 million to $25 million, approximately doubling FY2021 revenues. Despite supply chain challenges, Electrovaya continues to operate and support customers in essential industries.
Electrovaya Inc. (TSX:EFL, OTCQB:EFLVF) is set to release its financial results for the quarter ending March 31, 2022, on May 10, 2022, after market close. A conference call will be held on May 11, 2022, at 8:00 a.m. ET to discuss these results and provide a business update. The call will feature CEO Dr. Sankar Das Gupta, COO Dr. Raj Das Gupta, and CFO Richard Halka. Electrovaya focuses on lithium-ion battery technology aimed at energy storage and clean transportation, reinforcing its commitment to climate change prevention.
Electrovaya Inc. (TSX:EFL, OTCQB:EFLVF), a leader in lithium-ion battery manufacturing, will participate in the Water Tower Research Fireside Chat on April 21, 2022, at 2:00 PM EST. Dr. Raj DasGupta, COO, will discuss the company's innovative Solid State Battery technology. This event is accessible to all investors and media through a live webcast. Electrovaya aims to combat climate change by providing the safest and longest-lasting batteries, powering various clean energy applications.
Electrovaya Inc. (TSX:EFL)(OTCQB:EFLVF) announced significant advancements in its solid state hybrid lithium metal battery technology. The company achieved approximately 94% capacity retention after 300 cycles under standard conditions, supporting its goal for automotive applications targeting 800 cycles with 80% retention. The technology is now scalable to multilayer pouch cells, enabling broader market potential. This breakthrough positions Electrovaya to expand its product offerings, enhancing safety and longevity in lithium-ion batteries.
Electrovaya Inc. (TSX:EFL; OTCQB:EFLVF) announced the completion of UL2580 certification for 28 models of its 48V lithium-ion batteries, enhancing its product offerings in the materials handling sector. This certification marks a significant milestone in expanding the company's market share, with new models providing increased safety and longevity. The COO expressed optimism about the positive results from extreme testing.
The company aims to leverage this certification to enhance its position in the growing materials handling market.
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